For Release: Monday, November 14, 2016 Contact(s): Angelita Williams (202) 728-8988 Nancy Condon (202) 728-8379 Data Shows Many Borrowers Don’t Understand Loans They Obtain WASHINGTON — Nearly half of young Americans start their working lives with student debt, and 43 million Americans carry student loans. A new study by the Global Financial Literacy Excellence Center…

For Release: Monday, October 3, 2016 Contact(s): Angelita Williams (202) 728-8988 Nancy Condon (202) 728-8379 WASHINGTON — The Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) today announced the opening of registration for the Compliance Outreach Program for Municipal Advisors to be held on November…

For Release: Tuesday, October 18, 2016 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner and Smith Inc. $2.8 million for systemic trade reporting, Order Audit Trail System (OATS) reporting, books and records, and related supervisory violations…

FINRA Receives SEC Approval to Require Member Firms to Report Treasury Transactions to TRACE For Release: Wednesday, October 19, 2016 Contact(s): Ray Pellecchia (212) 858-4387 Nancy Condon (202) 728-8379 Implementation Date Set for July 10, 2017 WASHINGTON — The Securities and Exchange Commission has approved FINRA’s proposal to require its members to report certain transactions in Treasury Securities to…

For Release: Thursday, October 20, 2016 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) submitted to the Securities and Exchange Commission (SEC) proposed rules addressing the financial exploitation of seniors and other vulnerable adults. FINRA is proposing amendments that would require firms to make reasonable efforts…

For Release: Wednesday, November 2, 2016 Contact(s): Nancy Condon (202) 728-8379 Five Firms Ordered to Pay More than $6 Million to Customers WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined eight firms, including VOYA Financial Advisors, five broker-dealer subsidiaries of Cetera Financial Group, Kestra Investment Services, LLC, and FTB…

For Release: Wednesday, September 14, 2016 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 Office Manager Took $370,000 From Own Family’s Brokerage Accounts WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Ameriprise Financial Services, Inc. $850,000 for failing to detect the conversion of more than $370,000 from five…

For Release: Thursday, August 11, 2016 Contact(s): Angelita Plemmer Williams (202) 728-8988 Nancy Condon (202) 729-8379 WASHINGTON – As the mother of three children and a military spouse, Candice Pombar understands the financial struggles of military families, especially when she recalls how hard she and her husband fought to get out of debt early in…

For Release: Tuesday, August 9, 2016 Contact(s): Angelita Plemmer Williams (202) 728-8988 Nancy Condon (202) 729-8379 WASHINGTON – While most Americans understand the importance of saving and investing, many do not possess the basic financial knowledge needed to make sound financial decisions, according to a recent study released by the FINRA Investor Education Foundation (FINRA…

For Release: Thursday, August 4, 2016 Contact(s): Angelita Plemmer Williams (202) 728-8988 Nancy Condon (202) 729-8379 If You Get a Call Like This, Don’t Bite—and Don’t Buy WASHINGTON — Boiler room-style calls touting the next hot stock are alive and well, and they’re costing investors dearly, according to anInvestor Alert issued today by the Financial…

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